ERF auction spends big for just 7 per cent #climate emissions reduction for 2030

This article was originally published at nofibs.com.au

Results from the third Direct Action Emissions Reduction Fund (ERF) auction for emissions reduction was announced with 50.5 million worth of offsets at $10.23 each. So 67 per cent of the $2.55 billion budget has been spent to achieve less than 7 per cent of the emissions reduction goal by 2030.

This effort amounts to less than 3 per cent